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Wells Fargo fined $185m for opening 2 million fake accounts
Thursday, September 8, 2016 19:05
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A top US bank, Wells Fargo, has agreed an $185 million payout settlement with California and federal regulators after it opened more than 2 million fake accounts not authorized by customers. It is the company’s second instance of fraud in recent months. “Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive …
Source: http://www.hangthebankers.com/wells-fargo-fined-opening-fake-accounts/
thats less than 100$ fine per fake account. it just aint right